Another $1 billion Cryptofund is on its way!

Andreessen Horowitz is known for investing in both, early-stage start-ups and established growth companies. He is "one of Silicon Valley’s highest profile venture capital firms, is looking to raise a fund of as much as $1bn to invest in cryptocurrencies and crypto start-ups"[1]

This is his 3 fund aiming crptocurrency investments and it is about to raise "$800m and $1bn from investors, according to four people with knowledge of the process". That would make it twice the size of its predecessor funds.

About Marc Andreessen:

- american entrepreneur, investor and software engineer

- co-founder of Netscape

-co-founder of Andreessen Horowitz with $16.5 billion in assets under management

- one of six inductees in the Wold Wide Web Hall of Fame

- "....after raising its first fund dedicated to cryptocurrencies in 2018, Andreessen became a major investor in so-called decentralised finance projects and was one of the founding members of the Facebook-backed Libra project, now known as Diem. "[1]

This is good news for bitcoin and crypto after all. More and more steps of mass adoption is what i see.

What do you think? Let me know by leaving a comment

Thank you for your time

[1]: https://www.ft.com/content/cc50c224-0444-418b-b335-782916f8b967